Accounting Questions

Practicing accounting questions is one of the most important things for accounting students. For this reason I've created a section on this website specifically dedicated to questions, tests, exercises and exams.

Here are some of the options...

Basic Accounting Test

First up is a free basic accounting test. This short test covers the first theory section of this site, Basic Accounting Concepts, and it'll thoroughly test your understanding of the accounting equation and its various elements - assets, liabilities and owner's equity. It also covers the financial position of a business.

Accounting Exercises

If you want to be tested on more than just the basic accounting concepts then this book is what you need. With 88 questions and exercises, Accounting Basics: Workbook will test you on all the accounting basics, from journals to depreciation and financial statements, and will get you thoroughly prepared for your exams. The book also includes exercises on more advanced topics such as depreciation, bad debts, provisions, closing entries, bank reconciliations, prepaid income and expenses, and more. It's available on Amazon.

All these questions and exercises are also included in our main accounting book, Accounting Basics: Complete Guide.This compilation book also contains tons of theory lessons (all the lessons on this site plus another 9 new lessons) as well as an entire accounting dictionary for use in one's studies. The book is available for purchase on Amazon.com or as an e-book on Lulu.com.

Student Questions

Fellow students have published hundreds of their own questions and exercises on this site on specific accounting topics, which you can look through and try to solve on your own! Search for these free accounting questions by using the site search bar on the top right of your screen. Just enter your search term and all pages on this site containing that term will show up.

Note that some of these questions have accompanying solutions and some do not. Please understand that I, Michael Celender, run this site completely on my own, and because there are thousands of questions that have been submitted, I have not been able to answer them all. Because of this I have also stopped accepting questions.

For questions that haven't been solved - if you want - try solve them yourself and post the answer for future visitors. They will very much appreciate your work. Thanks a lot!